Fintech Ecosystem Development Corp
NASDAQ:FEXD
ROE
Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.
Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.
Peer Comparison
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| US |
F
|
Fintech Ecosystem Development Corp
NASDAQ:FEXD
|
104.6m USD |
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|
|
| US |
|
Symbotic Inc
NASDAQ:SYM
|
32.6B USD |
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|
|
| US |
S
|
SK Growth Opportunities Corp
NASDAQ:SKGR
|
3.4B USD |
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|
|
| US |
|
Core Scientific Inc
NASDAQ:CORZ
|
5.5B USD |
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|
|
| US |
|
Rumble Inc
NASDAQ:RUM
|
2B USD |
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|
|
| US |
T
|
Thunder Bridge Capital Partners IV Inc
NASDAQ:THCP
|
1.6B USD |
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|
|
| US |
|
Flame Acquisition Corp
NYSE:SOC
|
1.3B USD |
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|
|
| US |
|
Southport Acquisition Corp
OTC:PORT
|
591.9m USD |
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|
|
| US |
|
Churchill Capital Corp VII
NASDAQ:CVII
|
914.7m USD |
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|
|
| US |
N
|
Nextdoor Holdings Inc
NYSE:KIND
|
884.5m USD |
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|
|
| US |
P
|
Pono Capital Two Inc
NASDAQ:PTWO
|
789.1m USD |
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|
Market Distribution
| Min | -155 749.7% |
| 30th Percentile | -2% |
| Median | 8.2% |
| 70th Percentile | 15.9% |
| Max | 143 206.7% |
Other Profitability Ratios
Fintech Ecosystem Development Corp
Glance View
Fintech Ecosystem Development Corp. is a blank check company. The company is headquartered in Collegeville, Pennsylvania and currently employs 0 full-time employees. The company went IPO on 2021-10-19. The firm is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company has not selected any specific business combination target and has not engaged in any substantive discussions, directly or indirectly, with any business combination target. The firm intend to focus on financial technology industry in South Asia. The firm neither engages in any business operations nor generates any revenues.
See Also
ROE is calculated by dividing the Net Income by the Avg Total Equity.
The current ROE for Fintech Ecosystem Development Corp is 2.5%, which is below its 3-year median of 2.6%.
Over the last 1 years, Fintech Ecosystem Development Corp’s ROE has increased from 0.3% to 2.5%. During this period, it reached a low of 0.3% on May 30, 2022 and a high of 3.5% on Dec 31, 2022.